Emplify Secures $7.5M Series A Growth Investment Led by Edison Partners
INDIANAPOLIS--(BUSINESS WIRE)--Sep 17, 2018--Emplify, a leading employee engagement measurement company, announced today a $7.5 million investment led by growth equity investor Edison Partners. Proceeds will be used for continued innovation of Emplify’s SaaS-based employee engagement solution and to accelerate market adoption through a new partnership program. Prior investors, including Allos Ventures, Cultivation Capital and former Aprimo CEO and Cofounder Bill Godfrey also participated in the round.
“A body of research finally exists to support the hypothesis that employee engagement is the best leading indicator of business performance,” said Ryan Ziegler, General Partner of Edison Partners. “Emplify’s impressive customer growth is indicative of a broader trend; more dollars are flowing into employee engagement solutions to reduce turnover and improve results in an ever-changing and scarce talent market.”
Since its founding, Emplify has grown year-over-year annual recurring revenue by more than 450 percent and has added more than 200 brands to its customer portfolio in the last 18 months. Emplify is the only engagement measurement provider that fuses survey insights, employee communication and performance enhancement tactics to convert “actionable insights” into action. Business leaders of both traditional and distributed organizations need the ability to request, analyze and act on employee feedback to power better people decisions. Every Emplify customer is also paired with an Employee Engagement Strategist to guide leaders through action steps to improve overall engagement.
“Employee engagement has traditionally been an abstract, nebulous area that leaders are unsure how to act on strategically,” said Santiago Jaramillo, CEO and cofounder of Emplify. “Impact-making executives have long suspected that popular gimmicks and ping pong tables aren’t effective for driving engagement and performance. What companies need is a metric to understand how people are doing at work and clear action steps to improve that metric to help employees do the best work of their life.”
Emplify has also launched the Emplify Partner Program aimed at helping leading talent and human capital management (HCM) consulting firms attain, retain and grow their customer base through advanced employee engagement diagnostics and analytics. By leveraging the data and insights Emplify provides, HCMs can give their clients better guidance by pinpointing their most impactful areas of improvement. The new Emplify Partner Program will also launch with a number of leading HCMs, including CultureShoc, Verve Health, Purple Ink, Performant Solutions and Diverse Talent Strategies.
“For several years, we’ve been looking for a professional and data-backed engagement measurement solution to supplement our culture training business. Emplify gives us the ability to observe specific data for clients with access to point-by-point feedback,” said Pete Honsberger, Integrator and Lead Facilitator at CultureShoc. “This partnership will empower CultureShoc to better help our clients, and in turn, take our business to new heights.”
Leading brands like Terminus, Harley-Davidson, Appirio and Cheetah Digital trust Emplify engagement analytics to make better people decisions.
To learn more about Emplify, visit Emplify.com.
About Edison Partners
For more than 30 years, Edison Partners has been helping CEOs and their executive teams grow and scale successful companies. The firm’s investment team brings extensive investing and operating experience to each investment. Through a unique combination of growth capital and the Edison Edge platform, consisting of operating leverage, the Edison Director Network, and executive education programs, Edison employs a truly integrated approach to accelerating growth and creating value for businesses. A team of experts in financial technology, healthcare IT and enterprise solution sectors, Edison targets high-growth companies with $5 to $20 million in revenue; investments also include buyouts, recapitalizations, spinouts and secondary stock purchases.
Edison’s active portfolio has created aggregated market value exceeding $10 billion. Edison Partners is based in Princeton, NJ and manages more than $1.4 billion in assets throughout the eastern United States.
Emplify, a leader in employee engagement measurement, enables executives to ask for, analyze, and act on employee feedback — transforming actionable insight into action. Informed by science and psychometrics, Emplify is the first to fuse survey insights, employee communication, performance enhancement, and transformation strategists into a proven agile engagement system. Leading impact-makers at companies like Terminus, Harley-Davidson, Appirio and Cheetah Digital trust Emplify to power better people decisions. Learn more at Emplify.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180917005108/en/
CONTACT: BLASTmedia for Emplify
Kate Jaramillo, 317-806-1900
KEYWORD: UNITED STATES NORTH AMERICA INDIANA NEW JERSEY
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE SMALL BUSINESS PROFESSIONAL SERVICES HUMAN RESOURCES
Copyright Business Wire 2018.
PUB: 09/17/2018 07:00 AM/DISC: 09/17/2018 07:00 AM